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PUA, PURE ALUMINA LIMITED
blacksheep
post Posted: Oct 29 2019, 08:53 PM
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In Reply To: nipper's post @ Oct 29 2019, 08:21 PM

Depends on how successful they are with their German project equity strategy, It's hard getting projects financed - particularly in the battery minerals sector.





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 29 2019, 08:44 PM
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In Reply To: nipper's post @ Oct 29 2019, 08:10 PM

Rinse and repeat biggrin.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Oct 29 2019, 08:21 PM
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In Reply To: blacksheep's post @ Oct 29 2019, 07:59 PM

and Altech would slip off any sensible Watchlist, I presume

https://boards.sharecafe.com.au/index.php?s...c=16178&hl=



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 29 2019, 08:10 PM
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In Reply To: blacksheep's post @ Oct 29 2019, 07:59 PM

pig in a Poke?
At least Directors' fees will continue.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Oct 29 2019, 07:59 PM
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In Reply To: blacksheep's post @ Oct 4 2019, 02:50 PM

U-turn complete - back to chasing gold - at least while the POG is high. Just how prospective are their assets? How long have they been exploring at Hill End in their prior life? Perhaps they are pinning hopes on a new gold acquisition. Who knows, TK might find something in Brazil (next door to MEI) he can sell to them CR to follow.

QUOTE
Pure Alumina Limited (ASX: PUA) has completed a review of the strategic direction of the
Company, as announced on 30 September 2019, and is pleased to advise the resulting change
in focus.

High Purity Alumina
While Pure Alumina remains convinced of the strong forecast demand for high purity alumina
from the adoption of LED lighting globally and coating on lithium batteries separators for
vehicles and energy storage, the challenge of raising the significant capital required to finance
a commercial high purity alumina operation has proved difficult in the current environment.


For this reason, the Company has elected to place the development of the Yendon high purity
alumina project on hold until market conditions improve or would consider alternative options
for the future of the Yendon assets. On 14 June 2018, Pure Alumina announced that the
Yendon HPA prefeasibility study had delivered robust technical and financial outcomes which
indicated a net present value of US$692 million (at 10% discount rate) and a forecast internal
rate of return of 34%.

Gold
Pure Alumina undertook a review of other major commodity markets and in order of
preference preferred the following commodities:
• Gold
• Copper
• Nickel
The attraction of the gold market is close to record high gold prices in Australian dollars and
the lack of an apparent supply response indicating that robust gold prices may be sustained in
the medium to long term outlook.

Combining the outlook for gold with the fact that Pure Alumina owns the highly prospective
Hill End gold project, it is logical that Pure Alumina has concluded that Gold is the Company’s
preferred commodity going forward
. Copper projects would also be considered should a
suitable opportunity present.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 4 2019, 02:50 PM
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In Reply To: blacksheep's post @ Aug 16 2019, 12:04 PM

Hard to follow this one.

Was a gold explorer - Hill End Gold (HEG) - 2017

Bought a high purity alumina (HPA) project from a company associated with Tolga Kumova (Midas Man) and Tom Eadie - shares take off and name changed to Pure Alumina (PUA) HPA demand is forecast to quadruple, thanks to EV's

Puts the HEG gold assets up for sale

Signs a binding agreement to acquire emerging HPA producer - Polar Sapphire - an unlisted Canadian company for AUD$27.3 mil - undertakes a AUD$30 mil CR. Agreement to acquire expired on 30/9/19. Looks like they struggled to get funding - extract from June Qrtly

QUOTE
The $30m capital raise was the major activity during the quarter. After agreeing
mandates with Patersons and Fraser McKenzie Merchant Capital, a global roadshow to
brief investors in Europe, North America and Australia was undertaken. There was
strong interest and positive feedback. Currently, follow up meetings, site visits by
investors to Polar’s HPA pilot plant and investor due diligence is underway. The capital
raise has been extended to capture those who were absent during the holiday periods in
the northern hemisphere and Australia.


PUA has now terminated the sale of it's old HEG gold project - since the sale process commenced gold is up more than 30%

PUA now doing a strategic review of both gold assets and the HPA project.

As at 30/6/19 PUA had $1.3mil in kitty

All of this commenced back in 2017. Two years to come full circle? https://stockhead.com.au/resources/investor...y-alumina-push/

Maybe we will see the other TK backed company (EUC currently in a TH pending announcement of an acquisition) pick up Polar Sapphire and the HPA assets? At least EUC has a bit of cash left in kitty. EUC is another battery minerals (cobalt) company that is looking for something else to keep investors happy since cobalt (like most other BM's) prices took a dive - although TK seems to be steering clear of BM's - visible gold seems t be the go to metal for him lately.



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Aug 16 2019, 12:04 PM
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In Reply To: blacksheep's post @ Aug 15 2019, 02:28 PM

QUOTE
HEG has had a name change - now PUA - PURE ALUMINA LIMITED


As expected received an ASX please explain - they know nothing. SP down 6.06% @ 3.1c



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 15 2019, 02:28 PM
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Posts: 6,791
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HEG has had a name change - now PUA - PURE ALUMINA LIMITED

SP up 34.62% @ 3.5c ON NO NEWS. No doubt will get a please explain shortly. Is it a leaky ship or do they need another top up? They did a "top up" during last quarter of $1.75 mil and were undertaking a $30 mil CR to fund the Polar acquisition and build the HPA plant

Cash in kitty at end June $1.3 mil. Estimated outflows this quarter $727k

QUOTE
The $30m capital raise was the major activity during the quarter. After agreeing
mandates with Patersons and Fraser McKenzie Merchant Capital, a global roadshow to
brief investors in Europe, North America and Australia was undertaken. There was
strong interest and positive feedback. Currently, follow up meetings, site visits by
investors to Polar’s HPA pilot plant and investor due diligence is underway. The capital
raise has been extended to capture those who were absent during the holiday periods in
the northern hemisphere and Australia.

Pure Alumina is preparing a notice of meeting and independent expert report on the
transaction to enable shareholders to consider and vote on the transaction once the
capital raise and other conditions precedent are satisfied. The notice of meeting will be
sent to shareholders once finalised and approved by the ASX.

Pure Alumina and Polar agreed to extend their acquisition agreement to 30 September
2019 to allow sufficient time to complete the transaction. However, PUA no longer has
exclusivity for the acquisition of Polar (see ASX Release of 24 July 2019).


Maybe they've sold their gold assets? Gold is hot ATM

Odd early trading
QUOTE
10:34am AEST 0.026 1,500
39.00 MO
10:33am AEST 0.026 1,500
39.00 MO
10:32am AEST 0.026 1,500
39.00 MO
10:31am AEST 0.026 1,500
39.00 MO
10:26am AEST 0.026 1,500
39.00 MO
10:21am AEST 0.026 1,500
39.00 MO
10:17am AEST 0.026 1,500
39.00 MO
10:17am AEST 0.026 1,500
39.00 MO
10:16am AEST 0.026 1,500
39.00 MO
10:11am AEST 0.026 1,500
39.00 MO
10:10am AEST 0.026 1,500
39.00 MO
05:03am AEST 0.026 7,081
184.106 XT
05:00am AEST 0.026 7,081
184.106 XT
04:58am AEST 0.026 7,081
184.106 XT
04:52am AEST 0.026 7,081
184.106 XT
04:37am AEST 0.026 7,081
184.106 XT
04:34am AEST 0.026 7,081
184.106 XT
04:32am AEST 0.026 7,081
184.106 XT
04:30am AEST 0.026 7,081
184.106 XT
04:27am AEST 0.026 7,081
184.106 XT
04:25am AEST 0.026 7,081
184.106 XT
04:23am AEST 0.026 7,081
184.106 XT
04:20am AEST 0.026 7,081
184.106 XT
04:17am AEST 0.026 7,081
184.106 XT
04:15am AEST 0.026 7,081
184.106 XT
04:12am AEST 0.026 7,081
184.106 XT
04:06am AEST 0.026 7,081
184.106 XT
12:02am AEST 0.026 7,081
184.106

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Apr 25 2019, 01:53 PM
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Thanks: 2282


QUOTE
Pure Alumina (PUA) 2.9c

Until recently known as Hill End Gold, Pure Alumina has renounced its gold activities in favour of developing its Yendon kaolin project near Ballarat in Victoria.

The company reports a definitive feasibility study is “progressing well”, with a focus on reducing the costs outlined in the preliminary study. The envisaged size of the plant is also under review, with the company likely to opt for a smaller facility of around 1000 tonnes per annum, but starting ahead of the envisaged 2022 commissioning date.

In the meantime, the Hill End gold assets in central NSW are for sale to the highest bidder.

- lots of recycling happening here.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: triage  
 
blacksheep
post Posted: Aug 17 2018, 04:46 PM
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In Reply To: blacksheep's post @ Nov 23 2017, 08:53 AM

Does Regal Funds like Hill End Gold or not?
extract
QUOTE
But a "special report" on Hill End Gold published this week by small-cap website Stockhead had an unusually hefty endorsement. Retweeting the link to the research, which predicted a 500 per cent return over 12 months for investors, was Julian Babarczy, who oversees the emerging companies strategy at top hedge fund Regal Funds Management, the stock's largest single investor.

The report appears to have caused a near 60 per cent price spike on massive volumes when published on August 13. And while Babarczy was far from the only one to highlight the report, he was the most reputable, so we're sure his tweet helped.

But it turns out on the very day Babarczy retweeted the bullish projection, Regal Funds Management sold 396,058 Hill End shares. It's been selling since June, according to the notice filed on the ASX this Wednesday.

Which begs the question several have asked: was Babarczy drawing the market's attention to a bullish projection so he could get a better price for his sale?


Not hard to see Julian Babarczy is a strong supporter of pretty much all stocks Tolga Kumova is invested in. https://twitter.com/BabarczyJulian - all started with SYR, Regal Funds acquired a substantial holding in SYR, in "unusual" circumstances at the time that saw the SP plunge.

QUOTE
Regal Funds ‘linked’ to sudden fall in Syrah Resources price
From the Australian 13/6/15
Regal Funds Management, the Sydney-based boutique being examined by regulator ASIC over a mystery share trade in 2013, appears to have been linked to an unusual and sudden drop in the price of mining junior Syrah Resources in early 2013.

Syrah is a Melbourne-based explorer with a very promising graphite and vanadium play in Mozambique, whose share price fell by more than 43 per cent in a few days in late March and early April in that year.

The corporate regulator’s investigation is believed be centered on whether there was a plan to push down the price of Syrah. Regal, a multi-award-winning fund manager with a top reputation among investors, is believed at the time to have been unable to lift its holding because of the tight share register.
Regal has declined to comment on the nature of the probe.

Regal’s hedge fund, the Australian Long-Short Fund, is understood to have been short-selling the stock at that time in big quantities, taking Syrah’s share price down from $3.00 to $1.70 over eight trading days, without actual news to move the stock.

The drop caused shareholders to lose more than $30 million in capitalisation. The share price has since recovered to just under $4.


In July 2014 we had the rumour - Glencore kicks off $2bn takeover race for Syrah Resources - not sure where that came from but it caused the SP to spike to a high of $5.99

Then in March 2015 there were possible takeover target comments - this time from Julian Barbarcy - which again saw a spike in the SP

QUOTE
Syrah Resources (SYR), up 42.6 per cent this year.
Babarczy: "Syrah owns the highest quality and largest-size graphite project globally, which is highly strategic given it will be fundamental to the graphite supply chain used in batteries for electric vehicles."

https://www.smh.com.au/business/markets/hed...305-13vgrw.html




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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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